Indiana § 36-7-30.5-31 Resolution to modify definition of property taxes

Indiana Statutes

§ 36-7-30.5-31 — Resolution to modify definition of property taxes

Indiana § 36-7-30.5-31

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 30.5Development of Multicounty Federal Military Bases

This text of Indiana § 36-7-30.5-31 (Resolution to modify definition of property taxes) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7-30.5-31 (2026).

Text

(a)As used in this section, "depreciable personal property" refers to:

(1)all or any part of the designated taxpayer's depreciable personal property that is located in the allocation area; and

(2)all or any part of the other depreciable property located and taxable on the designated taxpayer's site of operations within the allocation area; that is designated as depreciable personal property for purposes of this section by the development authority in a declaratory resolution adopted or amended under section 16 or 18 of this chapter.

(b)As used in this section, "designated taxpayer" means a taxpayer designated by the development authority in a declaratory resolution adopted or amended under section 16 or 18 of this chapter, and with respect to which the development authority finds that

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(a) As used in this section, "depreciable
personal property" refers to:
(1) all or any part of the designated taxpayer's depreciable
personal property that is located in the allocation area; and
(2) all or any part of the other depreciable property located and
taxable on the designated taxpayer's site of operations within the
allocation area;
that is designated as depreciable personal property for purposes of this
section by the development authority in a declaratory resolution
adopted or amended under section 16 or 18 of this chapter.
(b) As used in this section, "designated taxpayer" means a taxpayer
designated by the development authority in a declaratory resolution
adopted or amended under section 16 or 18 of this chapter, and with
respect to which the development authority finds that taxes to be
derived from the depreciable personal property in the allocation area,
in excess of the taxes attributable to the base assessed value of the
personal property, are needed to pay debt service or provide security
for bonds issued or to be issued under section 23 of this chapter or
make payments or provide security on leases payable or to be payable
under section 24 of this chapter in order to provide local public
improvements or structures for a particular allocation area.
(c) The allocation provision of a declaratory resolution may modify
the definition of "property taxes" under section 30(a) of this chapter to
include taxes imposed under IC 6-1.1 on the depreciable personal
property located and taxable on the site of operations of the designated
taxpayers in accordance with the procedures and limitations set forth
in this section and section 30 of this chapter. If a modification is
included in the resolution, for purposes of section 30 of this chapter,
the term "base assessed value" with respect to the depreciable personal
property means, subject to section 30(i) of this chapter, the net assessed
value of all the depreciable personal property as finally determined for
the assessment date immediately preceding the adoption date of the
modification, as adjusted under section 30(b) of this chapter.